NFO NEST

October 2013

Capital Protection Funds corner the NFO market

Capital Protection Funds rule their roost in the October 2013 NFONEST, with equity funds still being conspicuous by their absence.

ICICI Prudential Capital Protection Oriented Fund – IV – Plan E

Opens: October 7, 2013

Closes: October 21, 2013

ICICI Prudential Capital Protection Oriented Fund IV - Plan E, a 36 months close ended capital protection oriented fund, seeks to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The fund will allocate 80% to 100% of assets in debt securities and money market instruments with low to medium risk profile, and will allocate up to 20% of assets in equity and equity related securities with medium to high risk profile. The fund performance will be benchmarked against CRISIL MIP Blended Index. The fund will be managed by Rahul Goswami (Debt Portion) and Rajat Chandak (Equity Portion). The investments of the fund in ADR/GDR and other foreign securities are being handled by Atul Patel.

Union KBC Trigger Fund – Series 1

Opens: October 14, 2013

Closes: October 25, 2013

Union KBC Trigger Fund - Series 1 is a close-ended equity fund with a feature of inbuilt profit booking, to enable the investors to realize their profits at a pre-defined level and enjoy benefits of appreciation of the investments. The fund has a unique feature of exit in which the fund automatically liquidates on the tenth business day whenever the fund hits its pre-defined trigger of 30% returns anytime within 3 years. However, if the fund does not reach its pre-defined level, the fund will mature after 3 years from the date of allotment at its prevailing NAV. In addition, there will be a marginal difference in returns since the fund redeems on the tenth business day after hitting its trigger owing to some procedural constraints in the winding up of fund. The fund will invest in a portfolio of equity and equity related securities, predominantly constituted of companies in S&P BSE 200 Index. The fund may invest in debt and money market instruments for tactical reasons and/or rebalancing the portfolio.

ICICI Prudential Value Fund – Series 1

Opens: October 18, 2013

Closes: October 28, 2013

ICICI Prudential Asset Management Company has announced the launch of ICICI Prudential Value Fund Series 1, a close-ended equity fund that focuses on investing in stocks that trade at a discount to their true value. The fund aims at adopting the ‘value investing’ approach where low priced stocks with justifiable higher fundamentals are identified and invested in with the aim of long-term capital appreciation. Value investing, one of the most popular investment themes globally, is a far bigger theme than any other opportunity in India in the prevailing market situation.

Birla Sunlife Capital Protection Oriented Fund – Series 16

Opens: October 15, 2013

Closes: October 29, 2013

Birla Sunlife Capital Protection Oriented Fund seeks capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.

DSP Blackrock Dual Advantage Fund – Series 19 – 39M

Opens: October 17, 2013

Closes: October 30, 2013

DSP BlackRock Dual Advantage Fund - Series 19 - 39M, a close-ended income fund, aims to generate returns and seek capital appreciation by investing in a portfolio of debt and money market securities. The fund also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. As far as investments in debt and money market securities are concerned, the fund will invest only in securities, which mature on or before the date of maturity of the fund. The fund's performance will be benchmarked against CRISIL MIP Blended Fund Index and its fund managers are Dhawal Dala and Vinit Sambre.

 HDFC Capital Protection Oriented – I – 36M

Opens: October 17, 2013

Closes: October 31, 2013

HDFC Capital Protection Oriented Fund - Series I, a close-ended capital protection oriented income fund, aims to generate returns by investing in a portfolio of debt and money market instruments which mature on or before the date of maturity of the fund. The fund also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. The portfolio of the fund will be structured in a manner that the debt allocation of the portfolio will lead to orientation towards protection of capital at the time of maturity and equity allocation of the portfolio will provide upside over the face value. The performance of the HDFC Capital Protection Oriented Fund – Series I will be benchmarked against CRISIL MIP Blended Index. Mr. Anil Bamboli (debt portfolio) & Mr. Vinay Kulkarni (equity portfolio) will be the Fund Managers for HDFC Capital Protection Oriented Fund - Series I. Both the fund managers managing large portfolios are associated with HDFC Mutual Fund for several years.

BOI AXA Capital Protection Oriented – I – 38M

Opens: October 17, 2013

Closes: October 31, 2013

BOI AXA Capital Protection Oriented Fund–Series 1, a 38 months close-ended Capital Protection Oriented fund, aims to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the fund and seeks capital appreciation by investing in equity and equity related instruments. Alok Singh (CIO- Fixed Income) and Saurabh Kataria (Fund Manager – Equity) will be the fund managers for this fund. The fund’s performance will be benchmarked against the CRISIL MIP Blended Fund Index.

Canara Robeco Capital Protection Oriented – 2 Plan A – 36M

Opens: October 17, 2013

Closes: October 31, 2013

Canara Capital Protection Oriented Fund - Series 2 aims to seek capital protection by investing in high quality fixed income securities maturing on or before the maturity of the fund and seeking capital appreciation by investing in equity and equity related instruments. However, there is no assurance that the objective of the Fund will be realised and the Fund does not assure or guarantee any returns. The fund managers are Suman Prasad and Krishna Sanghavi.

BNP Paribas Dual Advantage Fund – Series 1

Opens: October 17, 2013

Closes: November 1, 2013

BNP Paribas Dual Advantage Fund - Series I, a close-ended income fund, seeks to generate income by investing in a portfolio of debt and money market securities maturing on or before the maturity of the fund and capital appreciation by investing in premium of exchange traded options and/or equity instruments. The fund will allocate 75% - 100% of assets in debt instruments including money market securities with low to medium risk profile. On the other side, it will allocate up to 25% of assets in premium of exchange-traded options and / or equity instruments with high-risk profile. The fund is benchmarked against CRISIL MIP Blended Index. Mr. Puneet Pal and Mr. Shreyash Devalkar are the fund managers.

Edelweiss Debt and Corporate Opportunities Fund, SBI Dual advantage Series I, II, and III, Sundaram CPO Fund 2 years (Series A-B), 3 years 9 Series (A-B) and 5 years (Series 5-6), Birla Sunlife Pure CBLO Fund, Birla Sunlife Banking and Financial Service Fund, Kotak US Equity Fund, Religare Invesco Global Equity Income Fund, Religare Invesco US Value Equity Fund, Religare Invesco Asia Consumer Demand Fund, and ICICI Prudential MIP 35 are expected to be launched in the coming months.